Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.054%
Price spread now: Extended against Lighter−0.051%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.627% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.051%, 7d avg −0.109%
=Together, before fees−0.217%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.058% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.109%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 118.22 | 0.0032 | pay 0.0004% / 1h | 53m 08s | $376K | $73K | 10x |
| Short | Extended BABA_24_5-USD | 118.16 | 0.0128 | get 0.0016% / 1h | 53m 08s | $44K | $355K | 10x |
Lighter BABA
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.16
- Price spread: −0.051% → −0.109%
- $5.81
- Slippage, 4 orders
- −$57.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$36.74
- Costs to cover
- 0.627%
- Break-even
- 19.8 days
Slippage from Lighter: live order book, 56 min ago; Extended: live order book, 64 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 56 min ago | 11.76 bp | 14.1 bp −$14 | 16.1 bp −$161 | 60.4 bp −$6,039 | doesn't fit |
| Sell Extended live order book, 64 min ago | 3.35 bp | 12.5 bp −$13 | 89.2 bp −$892 | doesn't fit | doesn't fit |
BABA on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 118.20 | −0.021% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.14 | −0.068% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.19 | −0.025% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.20 | −0.017% | $636 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.22 | 0.000% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 118.32 | +0.085% | $3K | $193K | 10x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 118.22 | long leg | $376K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.16 | −0.051% | $437K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.013% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.17 | −0.042% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.18 | −0.034% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.07 | −0.127% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.13 | −0.076% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.14 | −0.068% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.11 | −0.093% | $1.2M | $4.0M | 10x | as long as short |
| Variational Omni BABA | +0.0061% | 8h | 118.15 | −0.056% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.12 | −0.085% | $615K | $465K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.18 | −0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDshort | +0.0128% | 1h | 118.16 | −0.051% | $44K | $355K | 10x | |
| Binance BABAUSDT | +0.0131% | 8h | 118.19 | −0.023% | $15.6M | $30.5M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.09 | −0.110% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0413% | 8h | 118.17 | −0.042% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT